The Fed and Treasury

Will Trump Try to ‘Overrule’ Monetary Policy?

By Mark Thoma

How will the Federal Reserve evolve during Donald Trump’s term as president? Presently, three of the seven positions on the Federal Reserve Board are vacant. These vacancies, along with the...
Why the Treasury Is Ending a Low-Income Retirement Saving Program

By Beth Braverman

Less than two years after the Obama administration rolled out a myRA, a savings program aimed at helping the millions of Americans without access to a retirement account through work, the Trump...
Will Janet Yellen Give Wall Street a Scare?

By Anthony Mirhaydari

For years, the Federal Reserve has been unable to convince the market it's serious about aggressively tightening policy. Janet Yellen and her cohorts have been guilty of "crying wolf," constantly...
Is the Fed About to Wage War on the Rich?

By Anthony Mirhaydari

For years, stocks have been driven relentlessly higher thanks to a single statement that summarized the aggressive central bank largesse since the eurozone crisis flared up in 2012: Policymakers...
Is the Fed Fighting the Trump Rally?

By Anthony Mirhaydari

The evidence is growing that the Federal Reserve’s policymakers are actively working to lean against the stock market's rise, a dramatic reversal from the years of policy support stock market bulls...

The Fed’s Big Mistake: Rate Hikes Hurt US Workers

By David Dayen

Protesters rallied in Washington, New York City and Philadelphia yesterday against an imminent government action that would damage the financial prospects of ordinary workers. And no, it had nothing...
The Fed, the Reality of Tax Cuts, and Donald Trump

By Mark Thoma

For many years, Republicans argued that tax cuts for the wealthy pay for themselves. Cutting taxes on the wealthy, according to Republicans, allows them to keep a larger share of anything new they...
Will Unwinding the Fed’s $4.5 Trillion Balance Sheet Kill the Bull Market?

By Anthony Mirhaydari

Over the last decade, investors have grown accustomed to a Federal Reserve that constantly coddled them, allayed their fears and did everything possible to support the financial markets and asset...
The Key to This Market: Here’s What Will Determine if Stocks Rise or Fall

By Anthony Mirhaydari

For now, instead of putting pressure on risk assets, the Fed's newfound hawkishness is bolstering the reflation trade by lifting the dollar higher and attracting global capital into U.S. assets. Same...
Can Wall Street Handle Higher Interest Rates?

By Anthony Mirhaydari

The Federal Reserve just raised interest rates for the second time in three months, signaling a dramatic quickening of its prior pace. For the first time in more than a decade, Fed policymakers are...

Bernanke Defends Fed, Hints at Further Stimulus

By PEDRO DA COSTA and Alister Bull, Reuters

Federal Reserve Chairman Ben Bernanke on Friday said the U.S. economy faced "daunting" challenges and that progress reducing unemployment had been too slow, but he stopped short of providing a clear...
QE 3? Fiscal Cliff Could Paralyze Fed Action

By Merrill Goozner, The Fiscal Times

What better backdrop than the Grand Tetons to remind Federal Reserve Board Chairman Ben Bernanke of the looming fiscal cliff as he addresses his colleagues to their annual retreat tomorrow in Jackson...
Ron Paul's Last Stand: A Delegate Manuever

By Maureen Mackey, The Fiscal Times

Members of the Ron Paul delegation at the GOP Convention this week haven't exactly felt euphoric: Some of them stormed off the convention floor in a fury on Tuesday after the RNC and convention...
Bernanke’s Jackson Hole Speech: Not a Game-Changer

By Suzanne McGee, The Fiscal Times

Ben Bernanke is making a speech on Friday – have you heard? Of course you have. The Federal Reserve chairman’s keynote at the annual Jackson Hole, Wyoming confab of central bankers, Fed officials and...
Republicans: We Won’t Build That

By Mark Thoma

Once the Republican National Convention in Tampa Bay, Florida ends, all eyes will turn to this year’s Federal Reserve conference in Jackson Hole, Wyoming. At the 2010 conference, Chairman Ben...

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